Alibaba reportedly plans to lead a huge $1 billion investment into a food delivery startup (BABA)

Alibaba is planning to lead a $1 billion (£770 million) investment into food delivery service Ele.me, Bloomberg reports, citing sources familiar with the matter. The funding will reportedly give Ele.me a valuation of $5.5 billion (£4.27 billion) to $6 billion ($4.66 billion), possibly making it the most valuable company of its kind in the world. Continue reading Alibaba reportedly plans to lead a huge $1 billion investment into a food delivery startup (BABA)
http://community.office365cloudsupport.com/office-web-apps/alibaba-reportedly-plans-to-lead-a-huge-1-billion-investment-into-a-food-delivery-startup-baba

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